Holden Monaro 1970 News

The share market is shot, superannuation is in “negative growth” whatever that means, house prices are dropping alarmingly and interest rates look like falling. Where can you make an honest investment dollar these days? Well, art has some attraction but the numbers involved would make plenty of people tremble in their boots.What about collectable classic cars?We have all heard the stories about the six figure Falcon GTHOs and Monaros not forgetting the European thoroughbred classics, some of which go for multi-million dollar prices.But what if you're just an average punter and want to get in on the action.Take a look at Japanese collectable cars - is the advice coming from those in the know.This is because they have the potential for increased value from a relatively low base. And depending on the car (and luck) you could have a tidy little nest egg in the garage, one that you can take out and actually enjoy at your discretion.Christophe Boribon is the National Auction Manager for Shannons Auctions and he has some firm ideas on what cars are good buying with potential appreciation and those that are dead certainties.Chris' named the Toyota 2000GT as the most collectable classic Japanese car in Australia because of its rarity (only eight imported) and the specification of the car. He says a good one will go for between $2-300,000.Hardly accessible to the average punter.But other cars from most Japanese manufacturers operating here are shaping up well at the auctions and as long term prospects.Mazda's 1960s R100 coupe is worth a look at 10 grand according to Chris' as is the original, glass back RX7.“The RX3 is also good buying at $25-35,000 if you can get a good one and it should appreciate if looked after,” Chris' said.”Then there is the late '90s twin-turbo RX7 and RX7 SP - a locally fettled hotrod that will appreciate because it was a low volume performance car.”“You will pay big dollars for a Mazda Cosmo (up to 100 grand) but the first MX5 is a good proposition for not much money.” He said the SP versions of the later MX5 will be worth more in the long run and even the Japanese turbo model, the SE, should appreciate over time.Toyota has a few potentially collectable models including the late '60s Celica RA23 and TA23 models as well as the rear drive Sprinter 1.6. Celica GT4s should also be good buying if you can find one that hasn't been raced. Honda's most collectable car is the NSX but Chris' says the first S2000 sports cars are worth a look if you can get one that hasn't been thrashed. The tiny S600 and S800 sports cars are good property and even the quad headlight Integra TypeR could appreciate given time.Any Mitsubishi Lancer Evo in reasonable road condition will be worth a punt as a collectable particularly the Evo 6.5 Makinen edition. And if you can get hold of a twin turbo GTO 3000 (non-factory import) it should be a solid investment.Nissan has plenty of collectable cars dating right back to the 1960s. Think Datsun Fairlady sports cars, Datsun 240Z and 260Z coupes and of course the R32 Skyline GTR Godzilla Bathurst winning car - (Australian spec) of which only 100 were imported by the factory. You'll pay about $35,000 for Godzilla these days and it's on the way up for a decent standard one.Subaru has a couple of collectable cars too, the SVX coupe 3.3-litre flat six all-wheel-drive has possibilities and the 22B two door Impreza WRX STi for which you'll pay about $100,000 and going up.Good luck. 

A fully restored Sebring Orange 1969 Monaro GTS 350 coupe sold at auction for $200,000 this week.It was the highest price paid for the 32 cars on offer at the Shannons 2007 Australian International Motor Show Auction.Second best was a low-mileage 1972 LJ Torana XU-1 finished in Lone Orange that went for $143,000.The sales follow a similar auction in September when a record $450,000 was paid for a 37-year-old XW Ford Falcon GTHO.The V8 muscle car was bought for $4933.25 on April 24, 1970, in Mackay.When the car came up for sale again on at the Shannons Auction it was passed in at $620,000.The immaculate Monza Green 1971 XY was expected to beat the $683,650 record price, which a Queensland buyer paid for a similar car earlier this year.Owner Steve Ribarevski, 30, is still confident the muscle car classic will sell on the private market.He bought the fully-restored GTHO for $200,000 three years ago saying it was a promise he had made to himself years earlier.“I was told by everyone at the time that I was the biggest goose in town for paying that much money for the car but I had promised myself I would own one before I was 30,” he said.“I don't look that silly any more.”It could even turn up at the first Shannons auction, which is to be held at a Brisbane Motor Show next February.Shannons Queensland business development manager Philip Ross; said the auction was the beginning of what he hoped would be the first of many auctions in Queensland.“Generally speaking if a car is passed in at auction it turns up at the next one, so the GTHO could be there,” he said.“We're looking at having about 30 cars at the show."“I've been out west and had a look in some of the sheds at the stuff that may come out of the woodwork."“I'm thinking that we know there is a lot of interesting stuff in Queensland that owners weren't prepared to send to Melbourne or Sydney auctions, but may send to Brisbane because it's closer to home."“I have no idea of what we have so far, but we like to have a good cross-section of vehicles.”The auction vehicles will be on display at the show from February 1-10 with the auction at 2pm on the Sunday.The last Shannons Auction held reached a record $3.75 million with $2.64 million achieved for the 62 number plates; and more than $1.1 million paid for the eclectic mix of Australian; US muscle cars as well as American and European classics on offer.It was the best result achieved by Shannons in a combined single day sale in the company's 26-year history of classic auctions.It was beaten only by the $4.1 million achieved in last year's RTA plate auction at the 2006 Australian Internation Motor Show. The highest single sale of the auction was $245,000 paid for the right to display the early NSW number plate 78.Personalised Plates Queensland also holds an annual plate auction on the Wednesday of the Brisbane Motor Show, last year raising more than $531,000 for the Road Safety Fund of Queensland.  Does it make sense to waste your life savings on a 30-year-old car when for the same money you can buy 13 brand new Holden Barinas?   

Previous Bathurst 1000 Winners 1963 Harry Firth/Bob Jane Ford Cortina GT 1964 Bob Jane/George Reynolds Ford Cortina GT 1965 Bo Seton/Midge Bosworth Ford Cortina GT500 1966 Rauno Aaltonen/Bob Holden Morris Mini Cooper S 1967 Harry Firth/Fred Gibson Ford Falcon XRGT 1968 Bruce McPhee/Barry Mulholland Holden Monaro GTS